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Which of the following is an incorrect statement? a) For non-U.S. multinationals, translation of integrated foreign entities' financial statements requires the use of Current Rate
Which of the following is an incorrect statement?
a) | For non-U.S. multinationals, translation of integrated foreign entities' financial statements requires the use of Current Rate (Closing rate) method |
b) | When translating foreign subsidiaries' financial statements, U.S. companies much follow rules set by the International Accounting Standards Committee |
c) | Another term for translation exposure is net exposed assets |
d) | When companies use the Temporal Method, the process is known as remeasurement |
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